1. Manufacturer's Warranty Coverage
Before considering an extended warranty, it's crucial to understand the coverage provided by the manufacturer's warranty. Many new cars come with comprehensive warranties that protect against most major repairs for several years. If you're buying a used car, check the remaining manufacturer's warranty, as it may still be in effect. In some cases, the existing warranty might be enough to cover your needs without the need for an extended warranty. In the event there is no manufacturer or Statutory Dealer warranty on the vehicle, that's okay, you can still purchase an extended warranty from mrwarranty.com.au.
2. Reliability and Repair Costs
Research the reliability and average repair costs of the make and model you're considering. Some vehicles have a proven track record for dependability and low maintenance costs, making extended warranties less valuable. If the car you're interested in has a history of costly repairs, an extended warranty might be worth considering.
3. Length of Ownership
Consider how long you plan to keep the car. If you intend to sell or trade it in within a few years, an extended warranty may not be worth the expense, as the manufacturer's warranty will likely cover any significant issues that arise during that time.
4. Cost and Limits Per Claim
Extended warranties can be expensive, and the added cost might not be worth the potential benefits. Additionally, many extended warranties have limits per claim based on the vehicle's age and number of kilometres, which means you'll still be responsible for a portion of repair costs above this limit. Be sure to carefully assess the costs and terms of the warranty before making a decision.
5, Third-Party Warranty Providers
If you're still interested in an extended warranty, remember that you don't have to purchase one from the dealership. Several reputable third-party providers offer extended warranties, often at a lower cost or have more benefits than those sold by dealers. The best part is that you can purchase an extended warranty from mrwarranty.com.au at any time throughout your vehicle ownership cycle.
Some dealers use pressure tactics and will tell you that you cannot purchase an extended warranty once you leave the dealership. This is true only because of the type of extended warranty they sell. Our products can be offered to you at any time, so don't be fooled by their sales techniques.